Fires and explosions cause largest losses for business globally, Asia Pacific accounts for 17% (EUR10bn) of total value of claims worldwide: Allianz
- Written by Reporters
- Analysis of over 470,000 global insurance claims from 2013 to 2018. Largest financial losses come from fires/explosions and aviation incidents
- Majority of corporate insurance claims originate from technical or human factors, accounting for 87% of all claims by value
- Property claims are becoming more expensive, with a rising share of...